What are the requirements for incorporating a limited
company?
First of all, there
are directors. You need at least two directors and there can be a maximum of 15
directors. These directors can be family members, friends, relatives or anyone
else. Shareholders again need a minimum of two and a maximum of 200
shareholders. Generals are also called members.
Authorized share capital and paid-up share
capital. Authorized share capital should be at least one lakh rupees and
paid-up share capital should be at least 10 thousand rupees. There is no limit
on the maximum authorized and paid-up share capital. It can be one crore, 10
crores or 100 crores.
Apart from these, the
company needs an MOA i.e. Memorandum of Association. It contains the objects of
the company. Article of Association i.e. AOA. It contains the rules and
regulations of the company within which the company has to work. The registered
office address of the company.
Now let's talk
about the company registration process. The first step is to file an application
for the company's name approval. It requires four to five names and main
objects. The important thing to note here is that the company name should be
unique and not similar to anyone else's.
The 2nd step is to apply for the company's
name. Documents of the proposed director and the proposed company are required.
Documents of the directors are required. Identity proof such as passport, ID
card, driving license. Address proof of the directors is required such as the
latest bank statement or an electricity bill in their own name. But keep in
mind that both these documents should not be more than two months old. Apart
from them, some general documents and information are also required such as
passport size photograph, mobile number, email ID. Documents for the company's
registered office are required. Rent agreement if the company has taken the
office on rent. Apart from this, you need an electricity bill and an NOC from a
landlord. After all the documents are received, step three begins, in which all
the directors' digital signatures i.e. After that, as soon as the company's name is
approved.
We move on to step , the final registration process. In the
final registration, electronic forms of the company have to be prepared and
submitted. All these forms can only be prepared and submitted by a professional
person like a CA or a company secretary because a company cannot be registered
without a digital signature of a professional person. In all these forms, after
the digital signature of all the members, directors and professional persons,
it is submitted online to the Registrar of Companies for final registration.
The company registration fee is not charged at the time of online upload or at the time of submission. Now the biggest question is how much it costs to form a private limited company, so definitely the Charges are Different in Different Country.
